News

Financial applications

March 23, 2016 23 Mar'16
Android Pay UK launch announced by Google

Google is entering the UK mobile phone payments market, with Android Pay expected to be available in months
March 16, 2016 16 Mar'16
Fintechs want to take one-third of traditional banks’ business

Banks know they could lose large chunks of business to fintech firms, but if the challengers have their way, it will be more than expected
March 16, 2016 16 Mar'16
Rolls-Royce cloud HR project will pay for itself in two years

HR IT director Mark Judd explains how engineering and aerospace firm swapped ageing ERP and spreadsheets for a company-wide core HR system
March 16, 2016 16 Mar'16
Atom Bank to offer artificial intelligence-based customer support

Digital bank is integrating AI into its mobile banking app for customers to access support

March 16, 2016 16 Mar'16
Oracle Q3 2016: cloud revenue grows, US currency strength takes toll

SaaS and PaaS combined contributed $583m in third quarter, up 57% in US dollar terms, while IaaS was down 2% in dollars to $152m
February 25, 2016 25 Feb'16
Payments regulator wants banks to sell stakes in Vocalink

The UK payments regulator wants banks to loosen their grip on the payments infrastructure by selling off some of their stake in it
February 15, 2016 15 Feb'16
Sweden’s NFT Ventures looks to Finland for fintech startups

Swedish startup fund that targets financial technology developers has expanded its reach into Finland
February 10, 2016 10 Feb'16
Insurance giant RSA announces another outsourcing deal

Insurance company RSA has penned its second major outsourcing contract in a week as it extends a BPO contract with Accenture
February 08, 2016 08 Feb'16
Post Office faces group litigation over Horizon IT as subpostmasters fund class action

Subpostmasters who claim to have been wrongly convicted of fraud take the Post Office to court after getting the funds for a group action
February 05, 2016 05 Feb'16
Visa opens up its technology to developers

Software developers at fintech companies and banks are to be given access to Visa’s technology

January 26, 2016 26 Jan'16
Could Sweden become the first cashless society?

Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless
January 20, 2016 20 Jan'16
Mobile services helping banks retain customers and add revenue

Investments in mobile banking services are helping banks increase revenue and retain customers
January 05, 2016 05 Jan'16
HSBC suffers major online banking failure

HSBC customers unable to access online banking services as the UK bank suffers internal technical issue.
December 24, 2015 24 Dec'15
Top 10 financial services IT stories of 2015

The financial services industry is undergoing unprecedented change, driven by IT and regulation.
December 18, 2015 18 Dec'15
More than a quarter of Brits bank on mobile, but branches still popular

More and more people in the UK are banking on their smartphones, but more than a third still visit branches regularly
December 09, 2015 09 Dec'15
Volvo finance department expands system support beyond Sweden

Volvo Group Treasury has extended an outsourcing agreement with Virtusa to give it the same support response times worldwide
December 03, 2015 03 Dec'15
Workday ringfences support in Europe after Safe Harbour ruled unsafe

US cloud HR and financial services provider reponds to Safe Harbour failure by ringfencing European data
November 20, 2015 20 Nov'15
Group litigation against Post Office being prepared in Horizon dispute

Subpostmasters who believe they have been wrongly punished for misaccounting or theft due to flawed computer system prepare group legal action against Post Office
November 18, 2015 18 Nov'15
Post Office IT support email reveals known Horizon flaw

An email from Post Office IT support reveals a problem with the Horizon system and supporting processes that could lead to accounting errors
November 17, 2015 17 Nov'15
Deutsche Bank signs India’s HCL Technologies for digital services and systems integration

Deutsche Bank is expanding its long-established relationship with IT services supplier HCL Technologies as it forges on with its digital transformation
October 26, 2015 26 Oct'15
Oracle OpenWorld 2015: Larry Ellison vaunts Oracle’s cloud services over rivals

Larry Ellison promoted his company’s cloud services and berated rivals in his opening keynote at Oracle OpenWorld 2015
October 26, 2015 26 Oct'15
Transforming Singapore Post through modern technology

When Singapore Post realised it had to change its business model to survive, it appointed its first CIO to front the technology transformation
October 21, 2015 21 Oct'15
James Arbuthnot takes Post Office IT fight to House of Lords

James Arbuthnot takes his seat in the House of Lords and continues campaign for subpostmasters who claim to have been wronged by faulty Horizon IT system
October 19, 2015 19 Oct'15
Opera chooses Workday over Oracle as it moves HR to cloud

Browser company Opera opts for slick internal IT as it competes with Apple and Google for skilled technologists
October 15, 2015 15 Oct'15
Why blockchain heralds a rethink of the entire banking industry

Blockchain, the distributed ledger technology behind bitcoin, is both a threat and an opportunity for financial services – and the banks are taking it very seriously
October 05, 2015 05 Oct'15
Workday seeks growth, not profit, as it expands in Europe

Cloud services company Workday is setting its sights on growth as it expands from cloud HR, to finance, learning and analytics
September 29, 2015 29 Sep'15
Nationwide Building Society deploys artificial intelligence to reduce back-end complexity

Nationwide Building Society is using artificial intelligence to help it reduce the complexity of its back-end systems as it introduces more digital products
September 24, 2015 24 Sep'15
Nordea Bank signs Temenos and Accenture for core banking transformation

Nordea Bank AB has chosen the core banking system it wants to build its digital future on, signing Temenos and Accenture as technology partners
September 03, 2015 03 Sep'15
Al Rayan Bank finds business agility in cloud applications

Al Rayan Bank believes its investment in cloud applications gives it an edge in business agility
August 11, 2015 11 Aug'15
Small IT firms most susceptible to going under due to late payments

Small businesses, particularly those supplying IT, should look at alternative financing models as late payments put them at risk of closure
August 05, 2015 05 Aug'15
Sage Summit 2015: The move to cloud technology and the death of ERP

Accountancy software firm Sage has released new cloud-based software, highlighting the gap between the use of cloud and on-premise in the workplace and declaring a move away from traditional ERP
July 23, 2015 23 Jul'15
Software project will save Ford tens of millions a year in car repair bills

Car maker Ford is rolling out sophisticated warranty software to 12,000 dealers worldwide in a project that is expected to bring rapid financial returns
July 15, 2015 15 Jul'15
The obstacles to software-as-a-service adoption in banking

Security tops the reasons why banks don't use software as a service for banking-specific applications
July 07, 2015 07 Jul'15
Manchester City group joins forces with SAP to further global goals

The City Football Group, which includes Manchester City, has teamed up with SAP to further its global development goals
July 07, 2015 07 Jul'15
Campaigners call for independent inquiry into Post Office Horizon IT system dispute

George Freeman MP repeats Post Office claims that a report found no flaws in the Horizon IT system – but campaigners respond by calling for an inquiry
June 30, 2015 30 Jun'15
Top suppliers as UK software and services market approaches £50bn

The top five software and IT services firms in the UK are Capita, HP, IBM, Capgemini and Accenture, according to the latest figures from TechMarketView
June 30, 2015 30 Jun'15
Post Office looking to replace controversial Horizon system with IBM, says MP

Days could be numbered for controversial Post Office computer system at the centre of miscarriages of justice, according to one MP
June 26, 2015 26 Jun'15
Norway’s DNB was inspired by Danish bank for new app

DNB in Norway has taken inspiration from Danske Bank in Denmark when creating its latest payment app.
June 23, 2015 23 Jun'15
Pharmaceutical companies use BPM to cut cost of clinical trial drugs

Pharmaceutical companies have developed an IT system to secure the supply of medicines they need for clinical studies, saving hundreds of thousands on their drugs bill in the process
June 19, 2015 19 Jun'15
Legacy systems holding back 90% of businesses

Most businesses are being held back from making digital advances by their reliance on legacy applications
June 17, 2015 17 Jun'15
Royal Bank of Scotland goes back to 1970s values with big data

RBS, once the world's largest bank, is using analytics technology to go back to the era of personal customer service
May 20, 2015 20 May'15
IT system related to subpostmaster prosecutions under review by CCRC

The Criminal Cases Review Commission receives 20 applications from subpostmasters related to prosecutions for account shortfalls
May 12, 2015 12 May'15
Global banking IT group completes standardised IT architecture

The Banking Industry Architecture Network (Bian) has announced its standardised global IT architecture for banks
May 08, 2015 08 May'15
Use of Halifax mobile banking app doubles

Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014
May 06, 2015 06 May'15
EU revamp of payment services draws nearer

The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP
May 05, 2015 05 May'15
Sapphire 2015: McDermott declares SAP natively digital

SAP CEO Bill McDermott declares the company “digital” at Sapphire 2015 and made “empathy” the watchword of his keynote
April 29, 2015 29 Apr'15
Criminal Courts Review Commission set to review subpostmasters' claims of wrongful prosecution

The Criminal Courts Review Commission (CCRC) reviews subpostmasters' claims of wrongful prosecution by the Post Office due to IT problems
April 24, 2015 24 Apr'15
Poor customer engagement at banks opens door to competitors

Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank
April 24, 2015 24 Apr'15
Changing IT trends power banking in Norway

Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society
April 21, 2015 21 Apr'15
SAP core banking platform will ease Deutsche Bank split following strategic retail review

Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split